By Meghna Sharma Asian Paints Limited is an Indian multinational decorative and industrial paint company, headquartered in Mumbai, Maharashtra, India. It is among the top ten decorative paint companies worldwide and a market leader in decorative and industrial coatings. Asian Paint’s portfolio of decorative paints include exterior and interior emulsions, wood finishes, textures and wallpapers. In addition, the company also offers industrial paints like coatings for marine, automotive and construction sectors.
| Details | Info |
| Founded | 1942 |
| Founder | Champaklal Choksey, Chimanlal Choksi, Suryakant Dani and Arvind Vakil |
| Headquarters | Mumbai, Maharashtra, India |
| CEO | Manish Choksi |
| Sector | Chemicals |
Company Profile
Asian Paints was founded as Asian Oil and Paint Company on 1st February 1942 by Champaklal Choksey, Chimanlal Choksi, Suryakant Dani and Arvind Vakil in Mumbai, Maharashtra, India. Capitalising on a temporary ban on paint imports during World War Two, the company grew rapidly, achieving an annual turnover of 23 crore rupees by the year 1952.
In the year 1965, the company renamed to Asian Paints (India) Private Limited. By the year 1967, it had become a leading paint manufacturer in India, particularly in the decorative paint sector. In the year 1973, the company was listed on stock exchange as Asian Paints Limited.
Asian Paints Limited launched Apco Coatings for the South Pacific market in the year 1978. In the year 2002, the company acquired Berger International in Singapore to expand its global footprint.
Asian Paints Limited is currently India’s largest and Asia’s third-largest paint brand. It operates 27 manufacturing facilities in 15 countries worldwide. The company owns premium decorative paint brands like Lux Indica and Royale Designer Palette. Asian Paints also offers services like end-to-end painting, colour consultancy, interior design and renovation.
Origin Country
Asian Paints originated in India and remains an Indian brand. It is present in over 60 countries, covering Africa, South Pacific, the Middle East, South Asia and Southeast Asia.
Market Cap
Market capitalisation of Asian Paints Limited, as of October 2025, is INR 2.40 trillion. Its current share price stands at INR 2499.70.